CIC’s International Advisory Council Meeting 2024 was held on September 24 in Beijing. Chinese Vice Premier HE Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, met with members of the International Advisory Council (IAC) at the Diaoyutai State Guesthouse in Beijing.

Vice Premier HE said that China will implement the reform measures of the third Plenary Session of the 20th Central Committee, deepen financial system reform and opening-up, accelerate the establishment of a modern financial system with Chinese characteristics, and promote high-quality development of the financial sector.  He also asked for advice from IAC members on China’s reform and opening up and CIC’s development.

The International Advisory Council Meeting 2024 was themed “Holographic Vision: Cross-Dimensional Analysis of Uncertainties and Long-Term Value”. In his opening remarks, Mr. PENG Chun, Chairman and CEO of CIC, gave an update on CIC’s recent development, not least the full-on endeavors to build proprietary investment capabilities, enhance risk management, act on corporate social responsibilities, and deepen international communication and cooperation. He also outlined CIC’s priorities going forward under new circumstances, including honing investment and management capabilities and fostering core competitiveness at a faster pace.

IAC members shared their observations on three topics, “Spatial Dimension: Long-Term Investment Strategies amid Global Landscapes Reshaping”, “Time Dimension: Capturing Long-Term Value amid Economic Cycle Fluctuation”, and “Structural Dimension: Systematic Investment Opportunities in Global Capital Market”. In their discussions, IAC members looked into the ever-changing global landscapes, as well as how to optimize global asset allocation, make foray into areas that hold promise for future growth, capture emerging opportunities amid complexities in the market, and deliver sustainable and high-quality development.

The meeting was moderated by Mr. LIU Haoling, Vice-Chairman, President, and Chief Investment Officer of CIC. Attendees include CIC’s leadership, representatives of CIC’s departments and overseas offices, as well as representatives of Central Huijin’s portfolio companies.

The International Advisory Council, which convenes annually and is composed of distinguished international experts from diverse backgrounds in government, academia, and business, was established in 2009 with a mandate to advise CIC on its development strategy and investment business, and furnish CIC’s leadership and staff with insights on geopolitical and macro-economic developments, international financial market conditions, and global investment trends.